Country National Bank in Redding, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 21, 1994

Country National Bank in Redding, California (CA)
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Country National Bank - Overview

General
FDIC Certificate #: 25915
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Tri Counties Bank (#21943)
Federal Reserve ID: 751469
Date Established: March 11, 1985
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 32172
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: March 11, 1985
Last Structure Change Effective Date: July 21, 1994
Last Structure Change Process Date: August 02, 1994
Last Data Update: August 02, 1994
Data Source Date: April 05, 2012
Location
Address: 1250 Hilltop Drive, Redding, CA 96003
County: Shasta
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Sacramento
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Redding, CA (#6690)
Core Based Statistical Area (CBSA): Redding, CA (#39820)
CBSA Metro Statistical Area: Redding, CA (#39820)
Financial Summary
Total assets: $60.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$40Total assets
$59,538Cash and due from depository institutions
$2,886Interest-bearing balances
$0Securities
$4,556Federal funds sold & reverse repurchase agreements
$6,100Net loans & leases
$42,837Loan loss allowance
$694Trading account assets
$0Bank premises and fixed assets
$1,980Other real estate owned
$314Goodwill and other intangibles
$865Life insurance assets
$0All other assets
$0Total liabilities and capital
$59,538Total liabilities
$54,239Total deposits
$53,867Interest-bearing deposits
$45,760Deposits held in domestic offices
53867.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$372Total equity capital
$372Total bank equity capital
$5,299Perpetual preferred stock
$0Common stock
$1,805Surplus
$1,854Undivided profits
Memoranda
$1,640Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$801Income earned, not collected on loans
$214Earning assets
$53,493Long-term assets (5+ years)
$4,540Average Assets, year-to-date
$58,580Average Assets, quarterly
$58,904Volatile liabilities
$5,108Insider loans
$100FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,203Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,299Total risk weighted assets
$47,712Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$4,815Total interest expense
$1,686Net interest income
$3,129Provision for loan and lease losses
$99Total noninterest income
$848Fiduciary activities
$0Service charges on deposit accounts
$276Trading account gains & fees
$0Additional noninterest income
$572Total noninterest expense
$3,072Salaries and employee benefits
$1,451Premises and equipment expense
$213Additional noninterest expense
$1,408Pre-tax net operating income
$806Securities gains (losses)
$0Applicable income taxes
$330Income before extraordinary items
$476Extraordinary gains - net
$0Net income attributable to bank
$476Net charge-offs
$92Cash dividends
$307Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.35%Cost of funding earning assets
3.27%Net interest margin
6.08%Noninterest income to earning assets
1.65%Noninterest expense to earning assets
5.97%Net operating income to assets
0.81%Return on assets (ROA)
0.81%Pretax return on assets
1.38%Return on equity (ROE)
9.20%Retained earnings to average equity (YTD only)
3.26%Net charge-offs to loans
0.21%Credit loss provision to net charge-offs
107.61%Efficiency ratio
77,244Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.50%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
86.64%Noncurrent assets plus other real estate owned to assets
1.87%Noncurrent loans to loans
1.84%Net loans and leases to deposits
79.52%Net loans and leases to core deposits
87.85%Equity capital to assets
8.90%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
11.11%Total risk-based capital ratio
Memoranda
$12Average assets
$58,580Average earning assets
$5,176Average equity
$51,493Average loans

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